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They have given " for 10 month earned leaved " then why should we take for entire 32 months (i.e) 1month for every year of service?

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Venkatesh Rathinam

Venkatesh Rathinam

CA Inter

13K+

16-Apr-20

87

Answers (6)

Can you share question number.


Suraj Lakhotia

Suraj Lakhotia

Admin

17-Apr-20

23


Thread Starter

Venkatesh Rathinam

Venkatesh Rathinam

CA Inter

13K+

17-Apr-20

In calculation of Exempt portion in Leave encashment we consider least : Actual Statutory limit Avg sal * 10 months (earned) Avg Sal * Leave entitled In cal we considered Rs.90,000/- which is lowest among all, 32 months is for leave entitlement calculation (i,e every year 1 month=32 months )


KEERTHI PRIYA

KEERTHI PRIYA

CA Inter

695

11-May-20

What is the differences between allowance and perquisites?


Akshay jerry

Akshay jerry

CA Inter

10

05-Jun-20

Akshay jerry

What is the differences between allowance and perquisites?

Allowances are generally given as money. For e.g. House Rent Allowance. Perquisites are generally non-monetary. For e.g. Rent free accommodation.


Suraj Lakhotia

Suraj Lakhotia

Admin

06-Jun-20

Tq sir


Akshay jerry

Akshay jerry

CA Inter

10

06-Jun-20

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